Bank of Hawaii Has $2.70 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Bank of Hawaii lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 2.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,854 shares of the company’s stock after buying an additional 365 shares during the period. Bank of Hawaii’s holdings in PepsiCo were worth $2,696,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PEP. Fisher Asset Management LLC raised its stake in shares of PepsiCo by 5.7% in the 3rd quarter. Fisher Asset Management LLC now owns 7,854,268 shares of the company’s stock valued at $1,335,618,000 after purchasing an additional 422,080 shares during the period. Daiwa Securities Group Inc. increased its position in shares of PepsiCo by 11.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 308,120 shares of the company’s stock worth $52,396,000 after purchasing an additional 31,725 shares during the last quarter. Pekin Hardy Strauss Inc. raised its stake in shares of PepsiCo by 2.7% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 31,310 shares of the company’s stock worth $5,324,000 after purchasing an additional 814 shares in the last quarter. Summit Trail Advisors LLC lifted its stake in PepsiCo by 18.3% in the third quarter. Summit Trail Advisors LLC now owns 22,056 shares of the company’s stock valued at $3,751,000 after acquiring an additional 3,405 shares during the last quarter. Finally, Cahill Financial Advisors Inc. lifted its stake in PepsiCo by 14.0% in the 3rd quarter. Cahill Financial Advisors Inc. now owns 1,478 shares of the company’s stock valued at $251,000 after purchasing an additional 181 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 1.0 %

Shares of PEP stock opened at $162.00 on Monday. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $222.26 billion, a P/E ratio of 23.89, a P/E/G ratio of 3.02 and a beta of 0.53. PepsiCo, Inc. has a twelve month low of $155.85 and a twelve month high of $183.41. The stock’s fifty day simple moving average is $169.01 and its 200 day simple moving average is $170.89.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. During the same quarter in the prior year, the firm posted $2.25 earnings per share. The firm’s revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 6th will be given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Friday, December 6th. PepsiCo’s dividend payout ratio is currently 79.94%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Bank of America cut their price target on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Barclays dropped their price target on PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. Royal Bank of Canada dropped their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday, October 4th. Finally, StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average price target of $183.92.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.